The Puerto Rico Oversight Board Friday approved the commonwealth’s fiscal 2024 budget that increases government spending and was already approved by the governor and local legislature. The budget consensus marks a departure from the long history of disagreements between the territory’s elected government and the board created by the federal government to restructure Puerto Rico’s
Municipals were steady to end the month and first half of the year ahead of a paltry new-issue calendar which will see next week’s volume drop to the lowest level of 2023. U.S. Treasuries were firmer out long and equities rallied. Treasuries saw yields fall by as much as seven basis points on the long
Connecticut Green Bank is offering a seventh round of its one-year taxable Green Liberty Notes in a sale set to conclude on July 31. With buy-in starting at $100, the notes are geared towards retail investors, carry a 5% coupon rate, and will be issued through CGB Green Liberty Notes LLC, a subsidiary of the
Dallas is moving ahead with plans to finance the replacement of its convention center and improvements to Fair Park starting with the private placement in August of short-term debt, which would be refunded as part of a sale of at least $1.4 billion of long-term bonds in 2024. The city council June 14 authorized work
The crypto market remains volatile after the June 14 Federal Open Market Committee (FOMC) announcement and presser with Fed Chairman Jerome Powell revealed that the central bank would pause rate hikes for June. While this move aligned with investors’ expectations, the crypto market has yet to show any bullish momentum. Powell also mentioned that at
One of the largest investors in Thames Water has given its support for the utility as other industry figures sought to stave off any possible nationalisation of the sector. The £90bn Universities Superannuation Scheme (USS), which has a near 20 per cent stake in Thames Water, said on Friday: “We have given our backing to
June municipal bond issuance dropped 9% from 2022 as uncertainty over Federal Reserve policy and market volatility continued, but the total was the highest month of the year. June’s total volume was $34.436 billion in 744 issues, down from $37.775 billion in 984 issues a year earlier, according to Refinitiv data, and lower than the
The 2023 Apple Worldwide Developers Conference logo is displayed on a smartphone screen. Rafael Henrique | Lightrocket | Getty Images Check out the companies making headlines in midday trading Friday. Apple — Shares of the tech giant gained more than 1%, bringing the company’s market value to more than $3 trillion, a milestone first achieved
Cryptocurrencies must reach mass adoption to unlock their maximum potential as a network technology and their value as financial assets. As with other technologies, the adoption of crypto follows a classic bell curve: Starting from a small number of innovators, it grows as early adopters embrace it, moving into mass adoption as it expands to
Beating the legally mandated July 1 deadline to produce a balanced budget, New York Mayor Eric Adams and City Council have agreed on a $107 billion spending plan for fiscal 2024. “The agreement we reached today comes in the midst of a budget cycle dominated by great challenges and unexpected crises, but I am proud
Greg Oakford, a co-founder of NFT Fest Australia, guides you through the Web3 digital art world from a collector’s perspective. Turning concert merchandise and memories digital Snoop Dogg’s recent announcement of the Snoop Passport — an evolving concert tour collectible — is a trend I believe we’ll see get more and more traction among musicians
?? Zero DTE options trading is a tempting way to make a quick buck, but it’s not for the pros! This high-risk approach involves buying or selling options that expire on the same day, which can lead to significant losses. ?? Professional traders prefer to focus on risk management and incorporate this strategy into their
(0:30) – Stock Market Update: Everything You Need To Know As We Turn the Page on the First-Half (4:15) – Enphase Energy: Is It Time For You To Buy This Solar Energy Stock Down 50% From Its Highs? (10:40) – Is This Beaten-Down REIT Perfect For Your Stock Portfolio? Podcast@Zacks.com Ben Rains dives into where
While many investors in the West may look to crypto to speculate the next biggest trend, blockchain technology is actually solving “real-world problems” in Africa such as hyperinflation and “corruption,” executives told Cointelegraph. Speaking to Cointelegraph, Chris Maurice, founder and CEO of Yellow Card — Africa’s largest cryptocurrency exchange — said crypto in Africa “is
A sign marks a Fidelity Investments office in Boston, Massachusetts, April 28, 2022. Brian Snyder | Reuters Asset management giant Fidelity Investments is again trying to launch a spot bitcoin ETF, according to a Thursday filing. The move comes two weeks after BlackRock filed for spot bitcoin ETF, which has long been opposed by the
A plan to provide about twice the current number of training places for doctors and nurses in England by the end of the decade has been unveiled by the NHS, as it attempts to tackle a staffing crisis amid record waiting lists for treatment. Under the first long-term staffing strategy by the NHS for 20
In this article BURL BBBY Follow your favorite stocksCREATE FREE ACCOUNT A Burlington and a Bed Bath and Beyond store Getty Images Bed Bath & Beyond locations across America will soon be replaced by Burlington Stores outposts and a range of other businesses, after the failed home goods retailer auctioned off its leases as part
Munis were weaker Thursday, unable to ignore larger losses in U.S. Treasuries, after better-than-expected economic data pointed to a strong U.S. economy. Equities ended mixed. Economic data released Thursday showed the U.S. economy is strong, said Edward Moya, senior market analyst at The Americas OANDA. The initial reaction saw UST yields surge, “while stocks focused
Not-for-profit hospital balance sheets are on the mend from last year’s challenges that inflicted deep damage on balance sheets, but pressures persist and the recovery is slow going, according to reports published this week. Hospital finances showed signs of stabilizing in May with some improvement in operating margins, declining expenses and notable increases in outpatient visits,
A house for sale, in escrow, in Laguna Woods, California. Scott Mlyn | CNBC Anyone out shopping for a home on the resale market knows the pickings are slim. They’re about to get slimmer. The number of homes for sale this month was actually 7% higher than June of last year, according to Realtor.com. But,